We have a property that has no motgage debt, except to ourselves (approximately 23,000.00) in private loan from us, to offset insu
We have a property that has no motgage debt, except to ourselves (approximately 23,000.00) in private loan from us, to offset insurance work due to auto accident into our building... We want to cash out a current joint tenant owner/partner, who we gave 50% ownership to, several years back, and now need to cash her out in order to be the 100% owners. We recently had an MAI appraiser complete an appraisal that came out at a current market value of $370,000.00. We need a 65% LTV equity cash out loan to both cash out our 50% partner and to do some fixing up and then we will rent out the remaining 3 more of the units. We have 3 units rented of the total 6 Multi-Use rentals (one commercial and 5 apartments). We have estimates ready to proceed with upgrading and can rent the other 3 units as soon as the contractor completes the remodeling. We can show IRS returns with continuous rental of the three currently rented units for over 3 year and more.. The rent on one of the units can be increased by about 100%. What can you do for us? We also are partners in another 16 units but those are 85% rented, but we are not willing to use those as extra collateral. We have excellent credit scores and are retired... by John Vargas from , California. Mar 25th 2012
gary cole (garysloaninc)
#602 ranked lender in California - 5 contributions
ICC Mortgage And financial Services, Is a sincere and certified private Loan company approved by the Government, we give out international and local loans to all countries in the world,Amount given out $2,500 to $100,000,000 Dollars, Euro and Pounds.We offer loans with a dependable guarantee to all of our clients. Our loan interest rates are very low and affordable with a negotiable duration.Available nowMORTGAGE, PERSONAL, TRAVEL, STUDENT, EXPANSION OF BUSINESS AND NEW UNSECURED, SECURE, CONSOLIDATEAND MOREApply for a loan today with your loan amount and duration, Its Easy and fast to get. 4% interest rates and monthly installment payments.iccfinancialservice@gmail.comRegards Gary Cole
Gilbert Ramos (VAHOMELOANS)
#491 ranked lender in California - 54 contributions
Hello John,We can definitely help you with the cash out refinance. We have a terrific commercial division that can help you with SBA financing along with private lending. Call or email me for more information. Thank you.Gilbert RamosMortgage Loan Officer NMLS # 286678Mortgage Partners, Inc.7428 Jackson Dr.San Diego, Ca 92119(951) 551-0215 Cell
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
You can go to www.Scotsmanguide.com it's a great resource for commercial lending.. WilliamAcres.com
Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,431 contributions
This sounds like a commercial building. Your best bet is to find a local Commercial Lender. The Scotsman Guide is one source, but you can also try your local Community or Regional banks as well. the Scotsman Guide can be found at www.scotsmanguide.com
Ryan Young (Ocloans)
#499 ranked lender in California - 1 contribution
John - please call me ASAP. I am sure that we can make you a loan but I need a few more details. We are a private money portfolio lender.Ryan Young(949) 499-7800Cal-Pac Capital Advisors3700 Campus Drive, Ste. 200Newport Beach, CA 92660
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